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- Banks in Virginia (VA)
- First Virginia Bank-Southwest
First Virginia Bank-Southwest in Roanoke, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of October 10, 2003
- First Virginia Bank-Southwest in Roanoke, Virginia (VA)
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First Virginia Bank-Southwest - Overview
- General
- FDIC Certificate #: 20877
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 208329
Date Established: December 04, 1972
WWW: http://www.firstvirginia.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 60 (Interstate: No)
FDIC's unique #: 14422
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: December 04, 1972
Last Structure Change Effective Date: October 10, 2003
Last Structure Change Process Date: November 04, 2003
Last Data Update: November 04, 2003
Data Source Date: April 05, 2012 - Location
- Address: 6625 Williamson Road, Roanoke, VA 24019
County: Roanoke
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Roanoke, VA (#6800)
Core Based Statistical Area (CBSA): Roanoke, VA (#40220)
CBSA Metro Statistical Area: Roanoke, VA (#40220) - Financial Summary
- Total assets: $1,484.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
- Dollar figures in thousands
- 525Total employees (full-time equivalent)
- $1,431,733Total assets
- $45,730Cash and due from depository institutions
- $0Interest-bearing balances
- $524,615Securities
- $0Federal funds sold & reverse repurchase agreements
- $820,453Net loans & leases
- $9,208Loan loss allowance
- $0Trading account assets
- $14,906Bank premises and fixed assets
- $592Other real estate owned
- $2,502Goodwill and other intangibles
- $0Life insurance assets
- $22,935All other assets
- $1,431,733Total liabilities and capital
- $1,341,046Total liabilities
- $1,221,175Total deposits
- $1,025,319Interest-bearing deposits
- $1,221,175Deposits held in domestic offices
- 0.00%% insured (estimated)
- $56,909Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $49,700Other borrowed funds
- $0Subordinated debt
- $13,262All other liabilities
- $90,687Total equity capital
- $90,687Total bank equity capital
- $90,687Perpetual preferred stock
- $0Common stock
- $23,839Surplus
- $28,709Undivided profits
- Memoranda
- $38,139Noncurrent loans and leases
- $137,604Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $1,575Earning assets
- $0Long-term assets (5+ years)
- $5,248Average Assets, year-to-date
- $1,345,068Average Assets, quarterly
- $672,299Volatile liabilities
- $1,425,509Insider loans
- $1,425,875FHLB advances
- $198,689Loans and leases held for sale
- $4,748Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $137,604Total unused commitments
- $0Restructured Loans and leases
- $9,208Derivatives
Income and Expense (December 31, 2002)
- Dollar figures in thousands
- $88,827Total interest income
- $26,698Total interest expense
- $62,129Net interest income
- $823Provision for loan and lease losses
- $12,871Total noninterest income
- $0Fiduciary activities
- $8,951Service charges on deposit accounts
- $0Trading account gains & fees
- $3,920Additional noninterest income
- $46,326Total noninterest expense
- $17,214Salaries and employee benefits
- $3,603Premises and equipment expense
- $25,509Additional noninterest expense
- $27,851Pre-tax net operating income
- $0Securities gains (losses)
- $9,626Applicable income taxes
- $18,225Income before extraordinary items
- $0Extraordinary gains - net
- $18,225Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $1,408Sale, conversion, retirement of capital stock, net
- $15,500Net operating income
Performance and Condition Ratios (December 31, 2002)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 6.67%Yield on earning assets
- 2.00%Cost of funding earning assets
- 4.66%Net interest margin
- 0.97%Noninterest income to earning assets
- 3.48%Noninterest expense to earning assets
- 1.28%Net operating income to assets
- 1.28%Return on assets (ROA)
- 1.95%Pretax return on assets
- 19.62%Return on equity (ROE)
- 2.93%Retained earnings to average equity (YTD only)
- 0.16%Net charge-offs to loans
- 58.45%Credit loss provision to net charge-offs
- 20.37%Efficiency ratio
- 61,231Assets per employee
- 2.73%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 85.05%Loss allowance to loans
- 1.11%Loss allowance to noncurrent loans
- 584.63%Noncurrent assets plus other real estate owned to assets
- 0.15%Noncurrent loans to loans
- 0.19%Net loans and leases to deposits
- 67.19%Net loans and leases to core deposits
- 72.66%Equity capital to assets
- 6.33%Core capital (leverage) ratio
- 6.16%Tier 1 risk-based capital ratio
- 10.95%Total risk-based capital ratio
- Memoranda
- $12Average assets
- $1,425,509Average earning assets
- $92,911Average equity
- $1,332,456Average loans
Total Fiduciary and Related Assets (December 31, 2002)
- Dollar figures in thousands
- $1Total fiduciary and related assets
- 1Number of Fiduciary Accounts and Related Asset Accounts
- YesFiduciary powers granted
- YesFiduciary or related activity
- $45,359Managed Assets
- 1Number of Accounts
- $45,359Personal trust and agency accounts
- $35,208Employee benefit-defined contribution accounts
- $722Employee benefit-defined benefit accounts
- $0Other retirement accounts
- $4,570Corporate trust and agency accounts
- $1Investment management agency accounts
- $4,859Other fiduciary accounts
- $0Fiduciary accounts held in foreign offices
- $0Non-managed Assets
- 116Number of Accounts
- $0Personal trust and agency accounts
- $0Employee benefit-defined contribution accounts
- $0Employee benefit-defined benefit accounts
- $0Other retirement accounts
- $1Corporate trust and agency accounts
- $0Other fiduciary accounts
- $0Fiduciary accounts held in foreign offices
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- Banks in Virginia (VA)
- First Virginia Bank-Southwest
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